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How to tell if your Badass Beer Keg is empty.
http://video.yahoo.com/watch/5848235/15301101
Badass Beer Day!
http://video.yahoo.com/watch/5848190
This is a Kid Rock Badass Beer Party. Please do not delete again.
The goal in my opinion is no different than what has been witnessed thousands of times over in the market. Portray a picture of doom and gloom to force the hand of retail and get a majority of the freely trading shares out of their hands and into bigger money's hands. That way they control as much of the float as possible and take it up to where ever they deem necessary. Anybody can scream death spiral and all that nonsense of 10 million shares which haven't even been issued for availability. It is what it is and once the diehard longs toss in the towel, it will be a fast and dramatci run to the upside.
Nahhhh. He was in Detroit today locking in another 1500 kegs a month.
Badass Balls O' Fire!
Mmmmmmm beer
Guess which is one that is empty? :)
Great find Shuttle! I'm going to assume this will be the Badass Beer sponsored cruise. Kid is clearly holding a Badass beer, as the black label and obscured eagle are clearly visible.
Not to mention the poster marquis is a beer bottle cap.
More details to come I'm sure.
If not sponsored, I would bet there will be plenty of Badass on board to serve 5500 people for 4 days. At least we hope! it keeps running out everywhere they put it!
Thanks for posting Boston. But that article and update on MBC has been out for about 3-4 weeks or so. If you'll notice, the pics above are some of those that were added here awhile back when it came out. I'm pretty sure it was posted here at some point. Maybe not.
Well, if it has anything to do with the beer it could easily be the National Launch at the Beats & Eats in Pontiac. But since he will also be at Terminal 5, might have something to do for it there.
Maybe even better is the beer sponsoring Tony Stewart. That would be a great situation since it comes from the manufacturer and Kid, and not from DKAM.
Beyond the beer, it's all good and even better.
Now here's the thing to look for. More than likely an individual is going to be burning up the prepaid cell account today demanding answers how the heck this company landed the second largest spirits distributor in the country. :) The company has a strict policy not to talk to anyone regarding customer's they may or may not have. Of course, there are those select few ready for the phone to ring that will say no, be recording conversations, and ready to file actual lawsuits, not "bawawawawa arb claims that you took my teddy bear", for tortious interference to conduct business in a fair and equitable manner.
Then that would be a hilarious turn of events considering I called him to clarify his comments from the conference call. His response was yes that our new distributor is Republic. Whether or not it is a replacement for our presence in the Control States is immaterial considering we just picked up Distribution in 19 states and it is more than what we had with LG. So to me that is a replacement of great proportions considering RNDC is 1000% or more the company than LG will ever be. And I will thank you to keep your attempts to discredit me and the CEO to yourself.
And even more importantly, LIQR is out a minimum of $1.5 million in annual sales and DKAM just made it all up and more with this new presence and far greater, quality Distributor support that's been around forever.
So we've got Republic as our most significant distribution placement to date covering 19 states. We've got Meridien covering Chicago and other parts of Illinois. We've got Golden State covering all of California with a multitude of warehouses. We've got the 50+ accounts covering the NY Metro area. We have the Northeast Distributor being replaced. We're readying the Israel ship. We have MBC in MI sending out all the beer they can produce to MI. We have at least 2-3 outsourcing facilities available for Badass on a nationwide basis. We have one of those expected to be both the Badass brewery and sole manufacturing facility for Rheingold.
I would say things are exactly where they need to be. The good thing about a horrible quarter immediately followed up by a good quarter is all anyone sees then is a huge percentage increase in quarter over quarter growth. I'm expecting 200%-300% but then I'm being conservative.
JPK is just playing now. I've been waiting for it and nobody has said anything, so I'll just say it. While everyone was doing their thing about who's name was mentioned on the conference call it was immediately followed by the fact that Liquor Group has already been replaced by Republic Distributing. That is Republic National Distributing which is the second largest spirits distributor in the US behind Southern and responsible for $4.9 billion in US spirits sales in 2008. This would be DKAM's most significant distribution agreement to date. Here we will pick up a very large control presence where they do business:
Alabama
Arizona
Colorado
Florida
Kentucky
Louisiana
Maryland
Mississippi
Nebraska
North Carolina
North Dakota
Ohio
Oklahoma
South Carolina
South Dakota
Texas
Virginia
Washington DC
West Virginia
I believe JPK said on the CC that those distributors in MI were each currently adding 3-4 tap handles in the market each day and will from here forward. Doesn't seem like much. Probably made some chuckle on how it could be so many $millions are coming in from 3-4 tap handles per day. Anybody remember me saying a half million or more retail beer sellers in this country? And all we needed was 10% of them and this would be a billion dollar business? Yeah more laughing for sure. Well just at three per day from one distributor in a state is more than 1000 retail accounts being serviced and serving Badass in a year. Last I checked we have 50 states. So that would be 50000 locations. The one part I forgot to add was every state has a minimum of two beer distributors for anti trust provisions. Go figure. But since there are 2500 distributors of beer in the US then each state has an average of 50 distributors. We only need one to get to 50000 accounts. Again go figure.
Well there certainly is one line of reasoning we can throw out the window. All these people insisting those people paid with shares or insiders are selling. There hasn't been a Form 4 or 144 filed in two years. And the rules haven't changed. But I'm sure somebody will make one up in a hurry!
Not even close! You are so wrong yet again!!!
6-9 months out is the END of 2010. The END of the fiiscal year. The END of booking $11 million in sales minimum.
Please don't respond to any more of my posts.
You can't fight it when it is exactly what it is.
CEO stated the company is "we believe we are back to year ago sales levels before even a drop of Badass beer or Rheingold is poured."
So, we won't say $6 million or $10 million. We'll go with $4.5 million from a year ago. So, he gave guidance of at least an 80% increase in revenues just on current product portfolio.
Then he said "before" any beer is poured.
And he said $$$millions of dollars in beer sales.
And we have already proven through various formulas that will probably be $$hundreds of millions. But for the sake of argument, we'll say the company does just the $10 million in sales in MI that is already being generated from 50000 cases a month by mid September.
We will prorate the beer to a .625% factor since mid September is 37.5% into the current fiscal year and we won't count all the beer that has been sold so far just for slush.
So, that's give or take a few bucks right at a bare minimum $11 million in annual sales for the current fiscal year. That is a record by almost double. That is without pouring a drop of Rheingold. That is with out Badass pouring a single drop in another state. That is without shipping the "agreed upon" $3 million per year of Israel.
And that is ONE TIMES CURRENT FISCAL YEAR SALES.
Just because no analyst covers this stock does not include it being measured the way every single stock is measured across all markets in the world as every analyst and institution does daily.
And based upon that, since the market ALWAYS looks 6-9 months out for current valuation purposes, and has ALWAYS maintained a P/S ratio of 3-5 on DKAM, then the stock is currently undervalued by 300% given an average P/S ratio of 4.
So, at the absolute minimum, if the company didn't do another thing regarding bringing in any more sales for the next 9 months then it should be trading TODAY at .44.
I feel very sorry for those who got forcefully liquidated. That also is a sign of a pending move higher on a stock other than the pure and unadulterated economics of how every stock is measured.
(But he did say profitability at least 10 times, which is right at $17 million or so for break even. So he knows he's going to do more than what I just outlined. Refactor and retool as you will. It's all just ignoring the obvious).
Danno, great find!
Well, that would be a little hard to do since those shares are not available nor have they even been processed for availability.
My inclination seems to be gaining more merit the more I dig.
This flat line to down occurred virtually the same time as Kid announcing he was taking aim at BUD with his new beer and also stating that he was going to mock BUD, Corona, St. Pauli with his ads.
Laugh all you want. But do the DD on Maris Dist and see how BUD plays ball when you go up against them or cross them in any way.
There is a reason new beers don't immediately grab 2% market share like Badass is doing. Because BUD does everything to drive you out of business beforehand. It would be nothing for them to be attacking the stock through various accounts.
Then make an offer for pennies when it should be dollars.
And please don't say InBev or Bud or any others won't waste time with a penny stock. It's how they roll to drown the company and the shareholders and then stroll in with the only option, "Let us save you with a buyout."
Now that! makes perfect sense to me. When you put it together, that is the perfect place to handle the East Coast outsourcing demands for Kid Rock Beer AND the reintroduction of Rheingold. We can't reintroduce it without a brewery and there is no way we're going to MBC when they already have their hands full.
Not long at all. I'm personally waiting for the grab and go scenario to play out flushing bothsides. Has happened so many times. And I know enough now to agree with the "forced liquidation" on the orders going through after 3 PM. I hope everyone knows how it goes. When a BD has a forced liquidation they alert the market makers in advance. Therefore, they can sell the order to the MM and get a nice kickback for selling out the retail player for a lower price than he should have got. So they lift their bids to allow the order to play out more drastically than it would have otherwise. I'm hoping that leads to some other people tossing in the towel first thing in the morning and then right back up it goes. On your other note, I'm just as intrigued that the company is selling less than 1X 2010 sales when it has always maintained a P/S ratio of 3-5 on current sales. Fresh money has the luxury of time. Also very strange that people with orders in to buy in the last hour were not filled and their orders were displayed all day and just vanished. Just passing that message along.
Well, I still maintain that $8 million, and "coincidentally" $600,000 becomes enough capital to draw on especially when "more capital than we'll ever need" is stated, for the company to meet Shareholder Equity minimums to go to Nasdaq. All that is left is the required $4 a share.
"Coincidentally" the same time this stock went into flat line mode was the same time these deals were being consummated.
Sure makes for a perfect scenario to trade right hand to left hand to get as many shares off retail as possible before a big run up. And we all know how that works. Hedges take large stakes right before a windfall of sales start marching through. or right before they take a stock to $4 from 15 cents only to hear the company announce they've applied to Nasdaq for listing.
That should have them quaking in their boots. Every single counterfeit share will be called in and dismissed.
Fitting.
That's the stock market. You know, the one that has rebounded 40% since March 9? The one that has produced several hundred 500%-3600% increases in share price on fundamentals that are far worse than DKAM?
You obviously haven't been around here very long. DKAM is the only stock in the known universe that isn't allowed to look forward. It can only be measured by what is in stone in SEC filings referring to what happened months ago.
So far I've uncovered six and again I will let everyone else do their own research. Every deal is different. What is striking though is that the average rate of return on stock price appreciation for those found thus far is an immediate 60% increase in stock price.
Welcome to DKAM.
Why? To perform an exercise in redundancy. No thank you. Besides I promised that he wouldn't be bothered by other individuals claiming to have a vested interest in what he had to say, using up his time without compensation, and having little where with all to conduct a meaningful conversation, or for that matter be a productive part of the conversation.
Bottom line. CEO says they are good deals. Board approves them as good deals. Drinks' attorney approves them as good deals. Another attorney reviews them and they are good deals.
Dead horse. Waste of time. Business is running. Anything else is just a continual exercise in redundancy.
I've had both deals looked at by an attorney who specializes in such things. Both deals are at current prevailing market which is considered monumental in this economy. As translated, "they obviously immediately saw the potential in the beer and the company."
That completely usurps anyone else who just arbitrarily posts bits and pieces and offers their own less than qualified or legitimate remarks on the matter.
IMPORTANT: LMAO! You didn't think I would stay quiet for long? On the contrary! Went back to digging. So here's what's up.
Where are my beer biz people? C'mon! You guys know this! Economics 101! Kenny clues at their finest. He wasn't talking to us about the beer. He was talking to "those other guys."
First off...those FOUR distributors he mentioned? They represent more than HALF of the entire Michigan beer market. So this BS about 2 retail accounts "selected" out of an entire county of 800,000 is just that...BS.
Second...2% of the MI beer market? Folks, I'm here to tell you, that is UNHEARD OF in the beer business for a first year brand, or any year brand, to command 2% of ANY beer market. ANY company that grabs 2% of ANY beer market is an IMMEDIATE buyout candidate. Try being the CEO of InBev and SAB and conducting YOUR CC. You proceed to tell your shareholders all about slumping sales and the economy and then you "slide in" the fact that one of your bigger markets lost 2% market share. Then it happens again...and again...and again in every state in the country. "Buy that company DKAM or my *ss will be on the chopping block with the Board and the shareholders!"
Third...did you catch it? 2.9 BILLION 2.25 gallon cases of beer sold in the US last year. Out of that total, right at 100 million cases were sold in the Michigan market. So, 2% is 2 million cases. Now that I know what the cases are selling for, that is over $30 million in sales. But here again, there is that ALL important point. THAT IS ONLY, I REPEAT ONLY 147,000 PEOPLE DRINKING KID ROCK'S BEER.
Fourth...No my friends. MI will command at least a 4-5% market share. MBC is producing all they can as fast as they can. It sold out on the launch. It is selling out as quickly as the distributors can get it. The DISTRIBUTORS are the ones saying it is a 4%-5% market share brand.
Fifth...ummmm. There are 49 other states. Any OTHER state have Kid Rock fans? All of them. Or truckers, harley riders, blue collar workers, average joes looking for a good AMERICAN BEER? all of them. That same 2% market share translates quite simply into 58,000,000 cases of total annual sales of Kid Rock's Badass Beer. That is right at $1 BILLION in total annual sales.
Sixth...Beer transacts at $50 a case WITHOUT A BREWERY or roughly 3 times annual sales. I don't make up what a calculator says or what the sector has proven time and time again. You know how many cases. You know how much per case. You know the OS shares. Yes sir, that is $29 a share.
Seventh...OK, not going to do it? Tell me where to trim? Is it the fact that Kenny is taking 1-2 years to do it and a MAJOR beer company could put it out today nationwide and generate $1 billion in annual sales TODAY? Or, is it the numbers that 2% is actually 4-5%? Or, is it the fact that Kenny doesn't have 3-4 other breweries handling the excess demand today but a MAJOR beer company does? Is it the fact that the company has too many shares or too many arbitration claims that will prevent the distributors from selling or the people from buying? Is it the fact that the company never comes through on their promises when they never made a promise about this because you don't have to promise what is happening by simple economics? Oh! I know. It's the numbers which are clear and concise. OK! We'll ignore what IS ACTUALLY HAPPENING and say "just cuz" it is less. How much less? 30 million cases? Then you also have to IMMEDIATELY testify that a buyout suitor would be willing to pay less than the average $50 per case for a beer company they were buying. Less than the average rate for a company that is IMMEDIATELY stealing 2% of their market share. Go ahead, cut all you want. I'll still be collecting my $29 a share while you do.
Eight...October 2008 and December 2008 "We are building a $billion dollar beverage company."
Nuff said.
Welcome JA. Glad to have you onboard. You will learn quickly that there is a disparaging difference of opinion on where this company is heading. Plain truth. Not very often you get to take advantage of a stock trading at all time lows before they book as was just forecasted more than a 1000% increase in sales and a move to profitability. The last one I can remember was HANS that went from 25 cents to non split adjusted $416. Funny. Same sector on just one product.
Here is what this company is providing investors today. Badass is exceedingly all levels of expectations. Olifant is shipping beautifully with an expected doubling of sales. Trump is shipping and will generate 72000 cases to Israel alone for over $7 mil a year. Badass will generate over $20 mil a year just in MI. Add all the other states and we can sit here all day and decide how many hundreds of $$$millions in sales that will generate. Over $1 million in back orders to immediately ship. Out from under the pain in the *ss LIQR agreement that was just killing the business and our inventories at not getting paid. Rheingold is being reintroduced, probably with Kid Rock in some way, and bringing back the Miss Rheingold contest. Topless and Leyrat will come to form in the proper economic environment. Dre is on a tequila and we will still coordinate with Detox. The lack of a profitable brand in Newmans is gone as it should be. Sales have turned the corner and the company is back to year ago levels currently with a windfall of sales coming every quarter. $20 million alone just in MI for Badass. The website is coming back into form with lots of interactive. ABAB.com is coming into form. "More capital than we will ever need" as $250K a month comes in from financing. An additional $5 million today announced in financing. An additional investor of $600K who believes in exactly what the company is doing. And most important, the move to profitability for the company to end a series of five years of losses for a start up. Exactly what you would expect as others have shown like HANS.
I'd say the company is doing exactly what it needs to do. PK did exactly as he should on today conference call, conducting the call from the business side and doing the business he needs to do every minute of every day.
Personally, I'm glad he didn't slow down to continue to answer these BS questions. At this point, it just costs the rest of us money in lost sales and deals.
Whatever on "I'm a large shareholder or I own alot of shares and I need answers!"
PK is the largest shareholder. Leave him alone and let him do his job.
Waiting patiently for BS Incestor to report back on what the strategy is after getting off the call with the LIQR executives. Probably what precluded getting questions answered on the CC.
Oh! I know. They wouldn't take my call! I'm filing defamation lawsuit! Let's see what can be created in a matter of minutes.
Amazing. Last October PK guided Badass for $1.5 million to $2 million. He stated TODAY they would far exceed that. He also stated in the Wall Street Journal in January that sales would increase by at least 300% over the next 12-18 months. Today he said profitability many times. He stated $20 million in MI alone.
A perfect stair step of sales increases quarter over quarter over quarter.
As proclaimed and ordained.
Deal with it.
Well, I heard the most important thing if you paid attention. Badass Beer will do upwards of at least $20 million in MI alone. That equates to $100-$200 million up to $1 billion per year at a minimum for nationwide sales. PA Wilkes Barre area alone $20 million in sales. Add all the other states in and it is a pure measured formula for growth that equals HANS in the same time frame.
That's just based on current distributor demand and pending orders.
Over 100 tap handles in the market in less than a month and ALL already reordering.
1 million cases a year for MBC so we will have outsourcing to draw on and he will answer to I expect when necessary.
As soon as you can find another Drinks brand demonstrating this type of consumer demand, then feel free to talk about it or call in about it. Until then, it is all just rhetoric.
Well, we can talk about the 72000 cases of Trump going to Israel for over $7 million in additional sales.
And we can talk about the minimum of an 80% turnaround in sales for the company before even a single drop of Badass is poured.
But guess what? Barrels upon barrels have already been poured. And will continue to be for years to come as it turns into millions of barrels in short order.
I can personally attest to the 12 people in the bar in NY that asked for Badass Beer is one person with 11 other aliases who asked because they knew it wasn't there so they could come here and inform us the brand isn't available where ever they go!
:)
6000 cases of Trump coming online per month...
Which is $600,000 per month just in Trump Vodka.
Exactly what we said it would be.
Counting the number of times PK says "profitability"
We're up to nine and should be maybe 30.
"We are entering a period of explosive growth"
Is that growth in outstanding shares, lawsuits, or the inability of those to recognize what it really means?
It's in addition. Now add them together and you suddenly have enough Shareholder Equity to get listed on Nasdaq.
All that's left is....whoops! Here hedgie, hedgie!
Richard H. Kreger, Senior Managing Director of Investment Banking for Source Capital Group, Inc., stated, “Drinks Americas’ management team has amassed an array of new spirit brands and strategic partners that is second to none in potential opportunity. It is our belief that with this new timely investment and other potential opportunities in front of the company, we are at the beginning of a very successful trend. The strategy of pairing preeminent icons with premier brands is proving to be a story unmatched. With this new round of funding, the company will be able to start filling the mounting booked orders and powerfully enhance its Kid Rock AMERICAN BADASS BEER introduction.”
Yep, my guess is this won't take long. InBev, SAB, Modelo won't let Kid have the public forum to impose "slamability" over "drinkability." Or to make parodies mocking their products. Nor to cut into their market share in any way. As I said, the offers will come and probably come quickly. If you don't buy the one cutting into YOUR market share, then the others buy you out because you are cutting into the other guy's market share.
I never thought about it until now. We all thought that the 50 deal would play out like the 50 deal with Glaceau. It isn't apparent until now that OUR 50 Glaceau deal is Kid Rock and which ever company presents itself fairly quickly.
They know they can come in quickly because SoBe sold out too cheap at $360 million for a $2 billion brand. We're looking at $50 a case for the beer without a brewery. Every bit of calculations keeps leading to 30-50 million cases a year minimum. So, that's $1.5-$2.5 billion minimum....$15-$25 a share.
Always remember, and there will be many, the negatorys will scream til blue that there's no way a 15 cent stock goes for that much.
It isn't about what the price of DKAM is. It never will be. It is what another conglomerate can do with the brand today. And THEY can distribute it nationwide TODAY through 3-4 breweries, and sell 100 million cases a year TODAY.
Now watch them all jump up and say it won't happen. There isn't a single thing they can do to prevent it except try to tell you I am doing you an injustice by telling you it is coming.
If a PR is put out by any company that monies are received in exchange for goods or services, then it is a 99.9% bet that in fact the monies were received.
When the company cites "pending" export sales to Israel", it is very easy to assume that nothing in this agreement has been accomplished.
It would then be my considered opinion that something else happened. Economic pressures hit both Israel and the US. Letters of Credit were obtained and as was stated in the PR, the deal would not impact the current capital base of Drinks.
This therefore means that the deal is more than likely pre paid in advance. Since Pixel is obligating itself by contract to at least $250K-$300K a month minimum, then it would seem more than adequate to assume they pre paid for any length of time from as little as a month to 3 months or more.
Since the PR states, "pending export sales", and these sales are prepaid in as little as one month up to several months in advance, THEN EVERY FUTURE MONTH FOR UP TO 15 YEARS THAT IS NOT PREPAID IS CONSIDERED "PENDING EXPORT SALES TO ISRAEL."
Either company could have very easily made some adjustments to the current agreement. They could be ordering more. They could be ordering less. We'll know when we know.
In the meantime, it is also possible that Pixel perhaps only paid a month or two in good faith and is sending more money for more product. Perhaps they only paid a month and PK is insisting by contract they pay three months at a time because of the shipping costs.
Like I said, we will know when we know.
The point is the deal is happening despite the economy on both sides which hampered Pixel's ability to keep their commitment to Drinks as was originally released.
Now here I am having to stop once again and cite SEC filings as a measure of past events for the very same people who demand that this company can only be measured by SEC filings from past events.
This picture below clearly shows that as of January 31, 2009, there were 86.58 million shares outstanding for DKAM. This filing was put out March 23, 2009.
Yet everyone is being bombarded with the fact there were 80 million outstanding for DKAM as of April 30, 2009 as shown by this, plus now we have all this massive dilution:
Posted by: P K G Date: Sunday, August 16, 2009 7:50:38 PM
In reply to: None Post # of 37610
As of 8/13/09, the BOD, officers, management owned 33.03 % of O/S.
PK's ownership dropped to 14.38%. It was 15.55% just back on 4/30/09, dropping over one quarter percent each and every month.
Other large holders might want to calculate how much they have been diluted.
Divide the shares you own by 101,699,349.
That will be accurate for only a couple of days as the O/S are increasing daily now.
I will keep you updated on the O/S.
Back on 4/30/08, you would have divided by 80,014,601.
OUCH!!!
And this:
Posted by: P K G Date: Sunday, August 16, 2009 8:36:22 PM
In reply to: RILO787 who wrote msg# 37509 Post # of 37610
Are you saying the O/S are not correct?
Every figure I posted is absolutely correct. No errors.
The O/S shares were 101,699,349 on 8/13/09 up from 80,014,601 on 4/30/08.
All large shareholders should be very concerned about this. Also, that 101,699,349 figure is going up daily.
As I posted. O U C H!
You are a large holder, too, are you not?
IMO, you are being mistreated.
So, I step up and cite the real facts on Monday so would be and current investors are not misled, and I get this:
Posted by: P K G Date: Monday, August 17, 2009 3:33:24 PM
In reply to: sneaky_peaky who wrote msg# 37552 Post # of 37610
You just can't get anything right. I double checked and went to another filing, on 3/7/08 the O/S were 80,862,311. Your figure is wrong. Later the O/S went to 86+ million on the way to 101 + million now.
Another poster cites the real facts also, and he gets this:
Posted by: P K G Date: Monday, August 17, 2009 5:01:16 PM
In reply to: Coopermun who wrote msg# 37587 Post # of 37610
You might want to read my post again and check the date I used for the 80 million. I also clearly stated it moved up to 86 million on it's way to 101+ million. Sneaky posted my figure was wrong. NOT! My figures are correct and shows a better picture of the extent of dilution.
You can look forward to my updating the O/S as I see fit. Nothing, IMO, is worse for us present stockholders than to be diluted from our percentage holding of the company. Certainly, the pps can not move up as we have certainly seen.
The only protection against dilution is, as one poster posted that he had done, to add to the number of shares held. Buy 20% more shares if the dilution is 20%, maintaining a constant "piece of the pie".
Dilution is BAD!, BAD!.
Usually it is the start of things bad to come. Hopefully not for DKAM.
First, you can clearly see from the poster's claims there is considerable confusion. The poster cited 80.1 million shares on April 30. The poster then went and backed up 7 weeks to March 7, and found there were 700,000 more shares outstanding at 80.8 million shares. Was there a buyback? No.
As the filing clearly shows, as of January 31, 2009, there were 86.58 million shares outstanding. Yet this poster contends as of April 30, 2009, there were 80 million shares outstanding. So, 6.5 million less a full three months later. Was there a stock buy back? No.
A closer look at the filing clearly shows that as of January 31, 2008, there were 81.1 million shares outstanding. A full 1.1 million more than this poster insists is outstanding 15 months later on April 30, 2009.
This poster seems intent on everyone believing in this massive dilution. I for one, IMO, cannot put faith in an opinion when that same opinion cannot even post proper facts, and has cited no links or substantiating evidence to support a current 101 million shares, NOR 80.1 million as of April 30, 2009, NOR 80.7 million shares as of March 7, 2009.
The way I see it is this. If this company had 81.1 million shares on January 31, 2008, and there is any evidence to suggest there is 101 million OS shares now, then the company has issued 25% more shares over the course of the past almost 19 months. And that same number translates into 17% more shares in the past 7 months.
Now, as I stated earlier, Drinks just weathered the worst economic crisis this nation has ever faced. The doors are still open. No company ever went bankrupt from issuing more shares. The 14 million shares total that are rumored to be additional outstanding shares since the end of January add $14000 to the liability side of DKAM's balance sheet. They also lower the loss per share currently existing for DKAM.
And in exchange, it allowed all the things to happen I just cited including the ability to introduce the strongest beer offering the sector has seen in two decades.
It's important to remember that I did say this:
Posted by: sneaky_peaky
In reply to: P K G who wrote msg# 37544 Date:8/17/2009 2:04:25 PM
Post #37552 of 37610
No, I would hate to be a real big holder and have someone tell me my position has been diluted by 27% since April 30, when in fact the authorized and outstanding shares of DKAM as of that date was 86.58 million shares therefore resulting in a 17% increase in outstanding shares.
Further, it would be more of an injustice to usurp that same individual's large position and level of intelligence by ignoring this climate in which shares were issued as the worst economic crisis this nation has faced, as well as this company, all while they were putting the biggest sales and profit generator for the company into the market.